NetSuite Features for Food & Beverage Industry:

NetSuite ERP isn’t just another software solution – it’s built specifically for the unique needs of food and beverage businesses. Here’s how it streamlines your operations and fuels your growth:

Supply Chain Planning :

NetSuite supply chain planning solution empowers businesses to balance supply and demand effectively, optimizing cost management, lead times, and service levels. Leveraging advanced inventory management, demand forecasting methodologies, and a powerful scheduling engine supported by predictive analytics, NetSuite equips businesses with actionable insights for strategic decision-making. By ensuring product availability while minimizing excess inventory, NetSuite enables businesses to achieve operational efficiency and customer satisfaction.

Using NetSuite you can manage and optimize your supply chain effectively, being an ERP you get real-time updates on production data, financial reports, inventory and outstanding orders. NetSuite supply chain management helps your business to Improve cashflow, Minimize risks and Increase profits.

Effective Procurement process:

NetSuite Procurement streamlines business operations by offering automated approval routing and real-time insights into spending and vendor performance. With easy-to-use features, it saves employees valuable time while ensuring purchases are made at optimal costs and within deadlines. By channelling purchases to approved suppliers and pre-negotiated contracts, it reduces expenses and enhances visibility into company spend. Additionally, NetSuite enhances the accuracy and efficiency of the procure-to-pay process through automation, linking key transactions, and providing approval workflows to support internal controls and compliance needs.

Tracing Lot numbers with NetSuite Inventory Management:

Accurate inventory management goes beyond simply counting how many items you have in stock. For many manufacturers, tracking products by lot numbers is crucial for quality control and customer service.

Effective inventory management requires tracing products throughout their lifecycle. Lot and serial numbers provide a window into a product’s origin and its current location within the supply chain.

In NetSuite, lot numbers can be generated automatically. Once the lot number record is established, you can designate an expiration date, document the actual cost of goods associated with that production lot, and enter notes or irregularities in the production batch for future reference.

NetSuite’s Bill of Materials (BOM):

NetSuite’s Bill of Materials (BOM) functionality enhances production efficiency and accuracy. By detailing all necessary materials and components, organizations can pre-emptively identify and price everything required for manufacturing, minimizing the risk of delays due to shortages or overproduction.

Creating a BOM is simple in NetSuite, determine what type of data you want to include to create BOM. Centralise the BOM record to remain accurate, access control over the BOM to track who are creating multiple revisions.

Regular updates to BOMs are common practice, ensuring relevance and accuracy. It’s crucial to diligently track all modifications to maintain the BOM’s reliability. Keeping a vigilant eye on BOM revision records enables organizations to stay informed about changes and maintain operational efficiency.

Production Control:

NetSuite’s Production Control module helps with scheduling, work order administration, and maintaining product quality. Operating from a centralized platform, users can seamlessly generate, release, update, and monitor work orders and inventory items across the manufacturing journey.

In make-to-order settings, work orders can be automatically generated from sales orders, facilitating a smooth transition from order placement to production. Streamlining multi-level assembly processes, a single work order can oversee complex assembly tasks, simplifying multi-level work order processing for enhanced efficiency.

Netsuite CRM for Food and Beverage Industry:

NetSuite CRM(Customer Relationship Management) is a robust solution, offering a comprehensive view of your customers from a unified platform. Throughout the customer lifecycle, from lead generation to opportunity, sales order, cross-sell, and support, NetSuite CRM seamlessly facilitates the flow of information.

NetSuite CRM offers powerful capabilities tailored for food and beverage brands, encompassing Sales Force Automation (SFA), marketing automation, customer support and service, ecommerce, and flexible customization—all within a comprehensive cloud-based CRM solution. NetSuite also incorporates robust sales performance management, order management, and omnichannel management features.

NetSuite SuiteCommerce & Netsuite SuiteCommerce:

NetSuite SuiteCommerce offers comprehensive e-commerce and point-of-sale (POS) solutions, enabling businesses to transition from disparate online and in-store channels to a unified ecosystem that seamlessly integrates all customer touchpoints. NetSuite SuiteCommerce facilitates both B2C and B2B e-commerce seamlessly within one platform. Delivering engaging and personalized experiences, the B2C site meets consumer expectations, while the B2B site goes beyond by providing additional functionalities tailored to the unique needs of business users.

Enabling SuiteCommerce Store Pickup feature for Commerce websites allows your customers the flexibility to collect their orders from your retail locations instead of opting for traditional shipping to a designated address. By enabling Store Pickup, you provide customers with an added convenience in receiving their orders.

Netsuite SuiteCommerce InStore mobile POS equips retailers with comprehensive point-of-sale functionalities, including cash and carry, returns and exchanges, alongside seamless access to complete inventory and customer details. This empowers associates to effectively engage shoppers, boost sales, and deliver satisfying shopping experiences.

Customer Return Management:

Customer returns are managed through two distinct processes. Firstly, customer return management focuses on tracking information associated with items that customers return to your business. Secondly, customer credits and refunds involve crediting the customer with a credit memo or issuing a refund subsequent to their return of an item. These processes ensure efficient handling of customer returns and uphold customer satisfaction standards.

When a customer initiates a return, it is tracked through a return authorization process. Each return authorization captures details refers to the Customer Returns Process, item numbers, prices, and procedural status updates for each return. This comprehensive process involves tasks such as issuing and approving return authorizations, receiving returned items into inventory, issuing credits or refunds to customers, and finalizing an authorization.

Conclusion:

Emphorasoft is an Oracle NetSuite Authorized solution provider with ISO 9001 and ISO 27001 certification and is a reliable and trusted partner for food and beverage companies looking for the best ERP system. Our advanced and comprehensive approach addresses the unique challenges faced by these sectors, providing them with unparalleled efficiency, visibility, and control.  With NetSuite’s powerful capabilities and Emphorasoft’s expertise, organizations can efficiently navigate difficulties, promote growth, and stay ahead in today’s competitive environment.

Emphorasoft specialises in NetSuite Solutions, assisting businesses within the Food and Beverage Industry in maximizing the potential of NetSuite functionalities. We achieve this by pinpointing individual business requirements and delivering budget-friendly solutions tailored to meet those needs and demands precisely. Emphorasoft further aids businesses by offering Netsuite consultation services to ascertain business needs and guiding through Netsuite implementations to ensure successful outcomes.